The US dollar has shown resilience amid ongoing US-China trade tensions but remains vulnerable due to concerns over tariffs. Despite a firmer dollar, safe-haven assets are poised for strong monthly gains, with the euro expected to record its best monthly performance since November 2022. Concurrently, China is intensifying its efforts to promote the yuan globally, capitalizing on the dollar's retreat and disruptions in global trade. Cross-border yuan payments reached a record high in March, reflecting growing appetite for the Chinese currency as confidence in the US dollar and related assets is shaken by aggressive tariff policies. Chinese President Xi Jinping's recent Southeast Asia tour aimed to strengthen regional ties in response to rising US tariffs, further supporting the yuan's internationalization. Analysts note that while the yuan's global presence is increasing, it still holds a limited position compared to the dollar and euro. Discussions have emerged about the potential economic consequences for the United States if the dollar's dominance diminishes.